benefex cfo presentation results

Evolving Reward & Benefits

Auto Enrolment – are you ready?

Presented by

Peter Waller, Chairman

How many employees do you have in the UK?

1. Under 200

2. 201 – 1,000

3. 1,001 – 5,000

4. 5,001 – 10,000

5. Over 10,000•

47%

21%

16%

0%

16%

Have you got a pension scheme ?

1. Yes2. No3. Implementing one4. Don’t know

95%5%

0%0%

How many of your employees are in a scheme?

1. <5%2. 5-10%3. 10-30%4. 30-50%5. 50-80%6. 80%+7. Don’t know

5%16%

11%11%11%

37%11%

Do you expect to use your current scheme for Auto Enrolment?

1. Yes2. Yes partially3. No we will use NEST4. No we will use something else5. Don’t know

56%11%

0%6%

28%

Where are you at with your planning for Auto Enrolment?

1. Planning2. Budgeted 3. Fully compliant4. Nothing (yet)

33%6%6%

56%

Is your scheme compliant?

1. Yes2. No3. Don’t know

39%17%

44%

How will employees be educated about the scheme and legislation?

1. Existing communication channels2. Line managers3. Face to face (external)4. Financial Advisers5. Video/Online Tools6. Combination of the above7. Don’t know

42%5%5%

11%0%

26%11%

What strategy do you expect to adopt?

1. Qualifying Scheme Only2. Split3. Combination4. Minimum Contributions5. Levelling Down6. Recruitment 7. Not yet decided

18%0%

24%6%

18%6%

29%